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China's First Private-led Mega-refinery Planned Off East Coast
(Friday, April 29, 2016) The complex, to be built on an island near Shanghai, would include a 400,000 barrels per day refinery and a 1.4 million tonnes a year ethylene plant.
BASF Pruning Portfolio as Bigger Deal Eludes Chief Bock
(Friday, April 29, 2016) BASF SE Chief Executive Officer Kurt Bock pledged more pruning of the company's sprawling product range as larger targets have so far fallen short of the biggest chemical maker’s acquisition criteria.
South Korea's LG Chem Says Duped Over $21 Mln Naphtha Payment
(Thursday, April 28, 2016) South Korea's biggest chemical company LG Chem said on Thursday it had sought help from authorities retrieving $21 million that it believed had been paid into a fake bank account to purchase a refined oil product.
EU Calculation for Handing Out Free Carbon Permits Flawed - Court
(Thursday, April 28, 2016) Europe's highest court on Thursday ruled that the European Commission's calculation for handing out free carbon permits to industries was flawed, raising the prospect of higher costs for big energy users.
Air Liquide Upgrades, Expands Complex Near Houston
(Thursday, April 28, 2016) Air Liquide U.S. held Wednesday an inauguration ceremony to celebrate the successful redevelopment of its world-scale complex in Texas’ Bayport Industrial District, just east of Houston.
Saudi Sipchem Says to Conduct 15-day Maintenance at Three units from May 1
(Thursday, April 28, 2016) Saudi International Petrochemical Company (Sipchem) will conduct maintenance at three of its production units from May 1 that will take about 15 days, the firm said on Thursday.
Chemical Companies See Rosier Results on Low Crude Prices
(Wednesday, April 27, 2016) Expectations for chemical company earnings have been boosted by a combination of lower crude oil costs during the commodity's slump along with strong demand for plastics.
Mexichem Falls as Plant Blast Seen Tightening Region Vinyl Chain
(Tuesday, April 26, 2016) "The PVC and VCM chain will be affected by this," Pablo Alvarez, head of logistics at Grupo Idesa SAB, a Mexican chemicals company, said by phone on April 22.
Death Toll Rises to 32 at Petrochemical Plant Explosion
(Monday, April 25, 2016) The vinyl petrochemical plant in the Gulf coast state of Veracruz is a joint venture between Pemex's petrochemical unit and majority owner Mexichem.
Pemex Blast Deaths Rise to 24 as Companies Vow to Investigate
(Friday, April 22, 2016) The death toll from a Mexican petrochemical plant explosion has risen to 24, and more causalities are feared as rescue and clean-up efforts continue following the April 20 incident in the port community of Coatzacoalcos.
Mexico's Pemex Puts Blast Death Toll at 13, Blames Leak
(Thursday, April 21, 2016) A leak caused a deadly petrochemical plant blast that has killed at least 13 people and the toll could rise, Mexican oil company Pemex said on Thursday, the latest in a series of fatal accidents to batter the company.
Saudi's Petrorabigh Starts Expanded Ethane Cracker
(Thursday, April 21, 2016) Saudi Arabia's PetroRabigh has started full operations at its expanded ethane cracker, it said on Thursday.
EU Approves Use of Recycled Plastics Containing DEHP
(Thursday, April 21, 2016) The European Union has agreed to let companies use recycled plastics containing softening additive diethylhexyl phthalate despite opposition from politicians and environmentalists.
Oman Builds Industrial Outpost in Desert to Escape Oil Trap
(Tuesday, April 19, 2016) The Duqm Special Economic Zone will include an oil refinery, a petrochemical complex, manufacturing operations and warehousing and logistics facilities.
Japan's Mitsubishi Sets Dates for Cracker Turnaround
(Tuesday, April 19, 2016) Japan's Mitsubishi Chemical Corp said on Tuesday it would conduct scheduled maintenance on a 539,000 tonnes-per-year naphtha cracker at its Kashima plant from May 9 to June 30.
SABIC Seeking Fertiliser and Chemical Buys, May Sell Some Assets
(Tuesday, April 19, 2016) SABIC is seeking to strengthen its fertilizer business with acquisitions and could also announce deals for chemical and polymer businesses by the end of the third quarter, its acting chief executive told Reuters on Tuesday.
U.K. Chemical Industry Faces Brexit Threat to European Exports
(Tuesday, April 19, 2016) U.K. chemical companies’ 50 billion pounds ($71 billion) in annual exports may be threatened if Britain votes to leave the European Union as trade agreements will have to be redrawn, according to an industry lobby group.
Saudi SABIC Says Fire at United Petchem Won't Impact Unit's Operations
(Monday, April 18, 2016) A fire broke out during routine maintenance at the plant in the Saudi industrial city of Jubail on Saturday, killing 12 workers and injuring 11, state news agency SPA reported.
U.S. Says China to Scrap Some Export Subsidies
(Thursday, April 14, 2016) Chinese industries that have received subsidies include textiles, light industry, specialty chemicals, medical products, hardware, agriculture and advanced materials and metals, including specialty steel and aluminum products.
France's Total CEO: Priority in Getting Back into Iran Is Gas
(Wednesday, April 13, 2016) "Gas is our priority for us there, and petrochemicals," Total Chief Executive Patrick Pouyanné told reporters.